Debbie Rebster received the following interest: Luggage gift for purchasing a four-year certificate of deposit (fair market
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Question:
Debbie Rebster received the following interest:
Luggage gift for purchasing a four-year certificate of deposit (fair market value) $50.
Interest on passbook savings account $15
Interest on certificate of deposit $200.
Dividends on share account savings in credit union $150.
Interest on State Mississippi bonds issued to finance state highway construction $300.
What is the amount of interest income to be included in income?
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